2020 BULKERS LTD (2020.OL) Stock Fundamental Analysis
OSL:2020 - Euronext Oslo - BMG9156K1018 - Common Stock - Currency: NOK
Overall 2020 gets a fundamental rating of 7 out of 10. We evaluated 2020 against 18 industry peers in the Marine Transportation industry. 2020 has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. 2020 is not valued too expensively and it also shows a decent growth rate. These ratings could make 2020 a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
In the past year 2020 was profitable.
In the past year 2020 had a positive cash flow from operations.
In the past 5 years 2020 has always been profitable.
Each year in the past 5 years 2020 had a positive operating cash flow.
1.2 Ratios
2020 has a better Return On Assets (28.62%) than 88.89% of its industry peers.
2020 has a better Return On Equity (50.26%) than 94.44% of its industry peers.
2020's Return On Invested Capital of 24.60% is amongst the best of the industry. 2020 outperforms 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for 2020 is above the industry average of 10.63%.
The 3 year average ROIC (13.93%) for 2020 is below the current ROIC(24.60%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 28.62% | ||
| ROE | 50.26% | ||
| ROIC | 24.6% |
ROA(3y)14.61%
ROA(5y)12.95%
ROE(3y)28.88%
ROE(5y)28.22%
ROIC(3y)13.93%
ROIC(5y)12.58%
1.3 Margins
2020 has a Profit Margin of 66.87%. This is amongst the best in the industry. 2020 outperforms 100.00% of its industry peers.
2020's Profit Margin has improved in the last couple of years.
2020 has a better Operating Margin (73.36%) than 100.00% of its industry peers.
In the last couple of years the Operating Margin of 2020 has grown nicely.
With an excellent Gross Margin value of 85.89%, 2020 belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
2020's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 73.36% | ||
| PM (TTM) | 66.87% | ||
| GM | 85.89% |
OM growth 3Y1.88%
OM growth 5Y49.3%
PM growth 3Y3.06%
PM growth 5YN/A
GM growth 3Y0.45%
GM growth 5Y2.23%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 2020 is creating value.
Compared to 1 year ago, 2020 has about the same amount of shares outstanding.
The number of shares outstanding for 2020 has been increased compared to 5 years ago.
The debt/assets ratio for 2020 has been reduced compared to a year ago.
2.2 Solvency
2020 has an Altman-Z score of 3.48. This indicates that 2020 is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 3.48, 2020 belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
2020 has a debt to FCF ratio of 2.46. This is a good value and a sign of high solvency as 2020 would need 2.46 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.46, 2020 is doing good in the industry, outperforming 72.22% of the companies in the same industry.
2020 has a Debt/Equity ratio of 0.73. This is a neutral value indicating 2020 is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.73, 2020 is not doing good in the industry: 61.11% of the companies in the same industry are doing better.
Even though the debt/equity ratio score it not favorable for 2020, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 2.46 | ||
| Altman-Z | 3.48 |
ROIC/WACC3.4
WACC7.24%
2.3 Liquidity
A Current Ratio of 4.17 indicates that 2020 has no problem at all paying its short term obligations.
2020 has a Current ratio of 4.17. This is amongst the best in the industry. 2020 outperforms 94.44% of its industry peers.
A Quick Ratio of 4.17 indicates that 2020 has no problem at all paying its short term obligations.
2020's Quick ratio of 4.17 is amongst the best of the industry. 2020 outperforms 94.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.17 | ||
| Quick Ratio | 4.17 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 195.58% over the past year.
Measured over the past 5 years, 2020 shows a small growth in Earnings Per Share. The EPS has been growing by 1.97% on average per year.
2020 shows a strong growth in Revenue. In the last year, the Revenue has grown by 56.30%.
The Revenue has been growing by 65.82% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)195.58%
EPS 3Y1.97%
EPS 5YN/A
EPS Q2Q%-64.62%
Revenue 1Y (TTM)56.3%
Revenue growth 3Y-0.52%
Revenue growth 5Y65.82%
Sales Q2Q%-45.25%
3.2 Future
Based on estimates for the next years, 2020 will show a decrease in Earnings Per Share. The EPS will decrease by -3.36% on average per year.
Based on estimates for the next years, 2020 will show a quite strong growth in Revenue. The Revenue will grow by 10.83% on average per year.
EPS Next Y-60.82%
EPS Next 2Y-21.04%
EPS Next 3Y-3.36%
EPS Next 5YN/A
Revenue Next Year-15.14%
Revenue Next 2Y3.76%
Revenue Next 3Y10.83%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
2020 is valuated cheaply with a Price/Earnings ratio of 3.30.
Compared to the rest of the industry, the Price/Earnings ratio of 2020 is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 28.10. 2020 is valued rather cheaply when compared to this.
2020 is valuated reasonably with a Price/Forward Earnings ratio of 8.42.
Compared to the rest of the industry, the Price/Forward Earnings ratio of 2020 is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 20.74. 2020 is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.3 | ||
| Fwd PE | 8.42 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as 2020.
Based on the Price/Free Cash Flow ratio, 2020 is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.64 | ||
| EV/EBITDA | 3.77 |
4.3 Compensation for Growth
2020 has an outstanding profitability rating, which may justify a higher PE ratio.
2020's earnings are expected to decrease with -3.36% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-21.04%
EPS Next 3Y-3.36%
5. Dividend
5.1 Amount
2020 does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:2020 (5/6/2025, 4:19:48 PM)
114.5
-2.5 (-2.14%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners26.84%
Inst Owner ChangeN/A
Ins Owners4.57%
Ins Owner ChangeN/A
Market Cap2.62B
Analysts81.67
Price Target163.88 (43.13%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend38.98
Dividend Growth(5Y)N/A
DP112.71%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-22.43%
Min EPS beat(2)-46.57%
Max EPS beat(2)1.7%
EPS beat(4)3
Avg EPS beat(4)12.21%
Min EPS beat(4)-46.57%
Max EPS beat(4)63.4%
EPS beat(8)5
Avg EPS beat(8)10.84%
EPS beat(12)5
Avg EPS beat(12)4.32%
EPS beat(16)7
Avg EPS beat(16)2.75%
Revenue beat(2)0
Avg Revenue beat(2)-10.82%
Min Revenue beat(2)-21.48%
Max Revenue beat(2)-0.15%
Revenue beat(4)2
Avg Revenue beat(4)49.67%
Min Revenue beat(4)-21.48%
Max Revenue beat(4)112.3%
Revenue beat(8)3
Avg Revenue beat(8)24.83%
Revenue beat(12)5
Avg Revenue beat(12)16.67%
Revenue beat(16)8
Avg Revenue beat(16)13.43%
PT rev (1m)0%
PT rev (3m)-9.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-63.33%
EPS NY rev (1m)0%
EPS NY rev (3m)-26.99%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-30.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-13.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.3 | ||
| Fwd PE | 8.42 | ||
| P/S | 2.21 | ||
| P/FCF | 5.64 | ||
| P/OCF | 5.64 | ||
| P/B | 1.66 | ||
| P/tB | 1.66 | ||
| EV/EBITDA | 3.77 |
EPS(TTM)34.71
EY30.31%
EPS(NY)13.6
Fwd EY11.88%
FCF(TTM)20.31
FCFY17.74%
OCF(TTM)20.31
OCFY17.74%
SpS51.85
BVpS68.98
TBVpS68.98
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 28.62% | ||
| ROE | 50.26% | ||
| ROCE | 31.95% | ||
| ROIC | 24.6% | ||
| ROICexc | 26.21% | ||
| ROICexgc | 26.21% | ||
| OM | 73.36% | ||
| PM (TTM) | 66.87% | ||
| GM | 85.89% | ||
| FCFM | 39.18% |
ROA(3y)14.61%
ROA(5y)12.95%
ROE(3y)28.88%
ROE(5y)28.22%
ROIC(3y)13.93%
ROIC(5y)12.58%
ROICexc(3y)14.87%
ROICexc(5y)13.42%
ROICexgc(3y)14.87%
ROICexgc(5y)13.42%
ROCE(3y)18.09%
ROCE(5y)16.33%
ROICexcg growth 3Y13.49%
ROICexcg growth 5Y148.43%
ROICexc growth 3Y13.49%
ROICexc growth 5Y148.43%
OM growth 3Y1.88%
OM growth 5Y49.3%
PM growth 3Y3.06%
PM growth 5YN/A
GM growth 3Y0.45%
GM growth 5Y2.23%
F-Score7
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 2.46 | ||
| Debt/EBITDA | 1.18 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 9.3 | ||
| Cash Conversion | 47.96% | ||
| Profit Quality | 58.58% | ||
| Current Ratio | 4.17 | ||
| Quick Ratio | 4.17 | ||
| Altman-Z | 3.48 |
F-Score7
WACC7.24%
ROIC/WACC3.4
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)117.38%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)195.58%
EPS 3Y1.97%
EPS 5YN/A
EPS Q2Q%-64.62%
EPS Next Y-60.82%
EPS Next 2Y-21.04%
EPS Next 3Y-3.36%
EPS Next 5YN/A
Revenue 1Y (TTM)56.3%
Revenue growth 3Y-0.52%
Revenue growth 5Y65.82%
Sales Q2Q%-45.25%
Revenue Next Year-15.14%
Revenue Next 2Y3.76%
Revenue Next 3Y10.83%
Revenue Next 5YN/A
EBIT growth 1Y122.02%
EBIT growth 3Y1.35%
EBIT growth 5Y147.57%
EBIT Next Year-42.06%
EBIT Next 3Y2.09%
EBIT Next 5YN/A
FCF growth 1Y8.5%
FCF growth 3Y-18.8%
FCF growth 5YN/A
OCF growth 1Y8.5%
OCF growth 3Y-18.8%
OCF growth 5Y54.36%